Ali is a 31-year-old man who lives in Bint Jbeil, southern Lebanon, with his wife and their two children. Ali has been working in agriculture for ten years. Ali is special in his work because he does it well. His clients can be anybody from his region. Ali decided on starting his own business because he wanted to be independent, but he did not have the startup capital.
This is Ali's fourth loan request. The previous loans helped him improve his work as well as his financial situation. He has always repaid his loans on time. This time, he is asking for a loan of 1330 US dollars from Al Majmoua to purchase tools for his work. Ali has plans for improving his business in the future.
About Al Majmoua – Lebanese Association for DevelopmentThe Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.
Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.
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